Coatue Management, L.L.C.
Philippe Laffont · New York, NY · Founded 1999
Coatue Management is a technology-focused investment firm founded in 1999 by Philippe Laffont, who runs it as chief investment officer. It invests across public and private markets from offices in New York, pairing a large public equity book with late-stage venture positions in private technology companies.
Laffont took a computer science degree at MIT and worked at McKinsey in Madrid before joining Julian Robertson's Tiger Management in 1996, covering European telecom and technology. He left to start Coatue in 1999 with $45 million, making him one of the better-known "Tiger Cubs" — the cohort of managers who trained under Robertson and went on to found their own firms. The firm's private side has backed ByteDance, Databricks, Anthropic, DoorDash and Spotify, among others.
The public book is unusually broad for a concentrated-tech reputation: the June 2026 13F reports 66 positions worth $48.6 billion, spread across semiconductors and semiconductor equipment, AI infrastructure and power, and the large-cap platforms. The tables below cache Coatue's four most recent 13F filings; positions in companies R40 tracks are linked to their pages.
History
Laffont becomes a research analyst under Julian Robertson, covering European telecom and technology — the apprenticeship that makes him a 'Tiger Cub'.
Launches the firm's first hedge fund with $45 million in capital, focused on technology and telecom.
Coatue Private Fund I closes at $300 million, beginning a crossover push that later scales through Kona III (2013–2017) and a $3.5 billion growth fund in 2020.
Raises $3.5 billion for late-stage private technology, cementing Coatue as one of the largest tech crossover investors.
2026 Q2 holdings
| # | Company | Class | Value | Shares | % Port. | vs prior |
|---|---|---|---|---|---|---|
| 1 | TSMTaiwan Semiconductor Manufacturing Company Limited★ | SPONSORED ADS | $4.26B | 8.9M | 8.8% | TRIM |
| 2 | Lam Research Corp | COM NEW | $4.09B | 9.4M | 8.4% | TRIM |
| 3 | MUMicron Technology, Inc.★ | COM | $3.63B | 3.1M | 7.5% | ADD |
| 4 | SPCXSpaceX★ | CLASS A COM STK | $3.17B | 18.6M | 6.5% | NEW |
| 5 | Applied Matls Inc | COM | $3.05B | 4.2M | 6.3% | TRIM |
| 6 | GEVGE Vernova Inc.★ | COM | $3.01B | 2.6M | 6.2% | TRIM |
| 7 | AMZNAmazon.com, Inc.★ | COM | $2.82B | 11.8M | 5.8% | ADD |
| 8 | AVGOBroadcom Inc.★ | COM | $2.21B | 5.8M | 4.5% | ADD |
| 9 | Eaton Corp Plc | SHS | $2.12B | 5.0M | 4.4% | ADD |
| 10 | GOOGLAlphabet Inc.★ | CAP STK CL A | $1.74B | 4.9M | 3.6% | ADD |
| 11 | INTCIntel Corporation★ | COM | $1.69B | 12.1M | 3.5% | NEW |
| 12 | CBRSCerebras Systems Inc.★ | COM CL A | $1.55B | 7.0M | 3.2% | NEW |
| 13 | METAMeta Platforms, Inc.★ | CL A | $1.42B | 2.5M | 2.9% | TRIM |
| 14 | Equinix Inc | COM | $1.33B | 1.3M | 2.7% | ADD |
| 15 | NVDANVIDIA Corporation★ | COM | $1.21B | 6.1M | 2.5% | TRIM |
| 16 | Constellation Energy Corp | COM | $1.15B | 4.6M | 2.4% | HOLD |
| 17 | Forgent Power Solutions Inc | COM SHS CL A | $1.15B | 20.5M | 2.4% | NEW |
| 18 | Hut 8 Corp | COM | $1.12B | 9.7M | 2.3% | NEW |
| 19 | MSFTMicrosoft Corporation★ | COM | $1.10B | 2.9M | 2.3% | ADD |
| 20 | Natera Inc | COM | $680.0M | 2.5M | 1.4% | TRIM |
| 21 | Applovin Corp | COM CL A | $603.4M | 1.2M | 1.2% | TRIM |
| 22 | Spotify Technology S A | SHS | $601.8M | 1.3M | 1.2% | TRIM |
| 23 | Asml Hldg Nv | N Y REGISTRY SHS | $587.7M | 295K | 1.2% | TRIM |
| 24 | Reddit Inc | CL A | $484.3M | 2.8M | 1.0% | HOLD |
| 25 | Nu Hldgs Ltd | ORD SHS CL A | $391.9M | 29.3M | 0.8% | HOLD |
| 26 | NFLXNetflix, Inc.★ | COM | $336.3M | 4.7M | 0.7% | TRIM |
| 27 | GOOGLAlphabet Inc.★ | CAP STK CL C | $321.0M | 908K | 0.7% | TRIM |
| 28 | Intuitive Surgical Inc | COM NEW | $315.6M | 794K | 0.6% | TRIM |
| 29 | First Ctzns Bancshares Inc D | CL A | $290.3M | 139K | 0.6% | HOLD |
| 30 | VRTVertiv Holdings Co★ | COM CL A | $270.1M | 807K | 0.6% | TRIM |
| 31 | QCOMQUALCOMM Incorporated★ | COM | $256.4M | 1.4M | 0.5% | HOLD |
| 32 | CVNACarvana Co.★ | CL A | $215.8M | 3.3M | 0.4% | ADD |
| 33 | Mastec Inc | COM | $215.2M | 517K | 0.4% | TRIM |
| 34 | Caris Life Sciences Inc | COM | $175.0M | 9.8M | 0.4% | HOLD |
| 35 | Synopsys Inc | COM | $141.6M | 317K | 0.3% | TRIM |
| 36 | GNRCGenerac Holdings Inc.★ | COM | $114.3M | 391K | 0.2% | HOLD |
| 37 | Sprouts Fmrs Mkt Inc | COM | $101.8M | 1.2M | 0.2% | HOLD |
| 38 | DASHDoorDash, Inc.★ | CL A | $96.8M | 525K | 0.2% | TRIM |
| 39 | Enphase Energy Inc | COM | $76.7M | 1.6M | 0.2% | TRIM |
| 40 | Booz Allen Hamilton Hldg Cor | CL A | $65.7M | 1.1M | 0.1% | NEW |
| 41 | AMDAdvanced Micro Devices, Inc.★ | COM | $55.8M | 96K | 0.1% | NEW |
| 42 | PYPLPayPal Holdings, Inc.★ | COM | $53.7M | 1.2M | 0.1% | HOLD |
| 43 | Novavax Inc | COM NEW | $36.1M | 3.8M | 0.1% | HOLD |
| 44 | Comfort Sys Usa Inc | COM | $35.3M | 18K | 0.1% | NEW |
| 45 | Quantumscape Corp | COM CL A | $32.5M | 4.3M | 0.1% | HOLD |
| 46 | UPSTUpstart Holdings, Inc.★ | COM | $30.9M | 871K | 0.1% | HOLD |
| 47 | Argan Inc | COM | $28.8M | 36K | 0.1% | NEW |
| 48 | TSLATesla, Inc.★ | COM | $25.2M | 60K | 0.1% | ADD |
| 49 | Pinterest Inc | CL A | $25.2M | 1.2M | 0.1% | TRIM |
| 50 | The Trade Desk Inc | COM CL A | $25.1M | 1.4M | 0.1% | HOLD |
| 51 | Zillow Group Inc | CL C CAP STK | $23.3M | 740K | 0.0% | HOLD |
| 52 | Arbor Realty Trust Inc | COM | $22.7M | 4.2M | 0.0% | HOLD |
| 53 | PATHUiPath, Inc.★ | CL A | $21.3M | 2.0M | 0.0% | TRIM |
| 54 | Medical Properties Trust Inc | COM | $20.9M | 4.5M | 0.0% | HOLD |
| 55 | Ringcentral Inc | CL A | $16.0M | 411K | 0.0% | HOLD |
| 56 | Peloton Interactive Inc | CL A COM | $14.8M | 2.5M | 0.0% | HOLD |
| 57 | Zillow Group Inc | CL A | $10.3M | 328K | 0.0% | HOLD |
| 58 | Plug Pwr Inc | COM NEW | $6.9M | 2.5M | 0.0% | HOLD |
| 59 | Stitch Fix Inc | COM CL A | $3.0M | 735K | 0.0% | HOLD |
| 60 | Olaplex Hldgs Inc | COM | $2.6M | 1.3M | 0.0% | HOLD |
| 61 | Lucid Group Inc | COM NEW | $2.0M | 295K | 0.0% | HOLD |
| 62 | Chargepoint Holdings Inc | COM SHS | $911K | 154K | 0.0% | HOLD |
| 63 | Hertz Global Hldgs Inc | *W EXP 06/30/205 | $511K | 469K | 0.0% | HOLD |
| 64 | Amc Entmt Hldgs Inc | CL A NEW | $433K | 228K | 0.0% | HOLD |
| 65 | Hertz Global Hldgs Inc | COM NEW | $242K | 107K | 0.0% | HOLD |
| 66 | Beyond Meat Inc | COM | $225K | 300K | 0.0% | TRIM |
Notable 2026 Q2 moves
New positions
- SPCX SpaceX $3.17B
- INTC Intel Corporation $1.69B
- CBRS Cerebras Systems Inc. $1.55B
- Forgent Power Solutions Inc $1.15B
- Hut 8 Corp $1.12B
- Booz Allen Hamilton Hldg Cor $65.7M
- AMD Advanced Micro Devices, Inc. $55.8M
- Comfort Sys Usa Inc $35.3M
- Argan Inc $28.8M
Exited
- V Visa Inc. was $217.2M
- Chime Finl Inc was $188.6M
- Solstice Advanced Matls Inc was $126.0M
- C H Robinson Worldwide In was $95.2M
- Ishares Bitcoin Trust Etf was $2.6M
Position history in tracked names
Quarter-end value of each holding that has a page on R40, most recent first.
| Stock | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|
| TSMTaiwan Semiconductor Manufac | $4.26B | $3.14B | $2.62B | $2.25B |
| MUMicron Technology Inc | $3.63B | $56.1M | — | — |
| SPCXSpace Exploration Techn Corp | $3.17B | — | — | — |
| GEVGe Vernova Inc | $3.01B | $2.25B | $2.20B | $2.23B |
| AMZNAmazon Com Inc | $2.82B | $1.65B | $2.29B | $1.92B |
| AVGOBroadcom Inc | $2.21B | $1.70B | $1.91B | $1.90B |
| GOOGLAlphabet Inc | $2.06B | $1.56B | $2.77B | $2.26B |
| INTCIntel Corp | $1.69B | — | — | — |
| CBRSCerebras Systems Inc | $1.55B | — | — | — |
| METAMeta Platforms Inc | $1.42B | $1.61B | $2.50B | $2.96B |
| NVDANvidia Corporation | $1.21B | $1.10B | $1.72B | $1.84B |
| MSFTMicrosoft Corp | $1.10B | $918.0M | $2.50B | $2.40B |
| NFLXNetflix INC. | $336.3M | $662.8M | $1.02B | $741.8M |
| VRTVertiv Holdings Co | $270.1M | $246.0M | $134.3M | — |
| QCOMQualcomm Inc | $256.4M | $178.7M | — | — |
| CVNACarvana Co | $215.8M | $214.1M | $826.4M | $755.7M |
| GNRCGenerac Hldgs Inc | $114.3M | $76.3M | $50.3M | — |
| DASHDoordash Inc | $96.8M | $82.9M | $988.7M | $667.7M |
| AMDAdvanced Micro Devices Inc | $55.8M | — | $265.4M | $200.5M |
| PYPLPaypal Hldgs Inc | $53.7M | $56.2M | $99.1M | $351.3M |
| UPSTUpstart Hldgs Inc | $30.9M | $22.3M | — | $44.2M |
| TSLATesla Inc | $25.2M | $21.9M | $738.2M | $769.0M |
| PATHUipath Inc | $21.3M | $25.2M | — | $30.4M |
| CRWVCoreweave Inc | — | — | — | $920.3M |
| ORCLOracle Corp | — | — | $865.4M | $1.35B |
| SNOWSnowflake Inc | — | — | $544.2M | $441.3M |
| BABAAlibaba Group Hldg Ltd | — | — | — | $356.9M |
| ADBEAdobe Inc | — | — | $305.9M | $215.4M |
| VVisa Inc | — | $217.2M | — | — |
| MRVLMarvell Technology Inc | — | — | $176.7M | $174.8M |
| VSTVistra Corp | — | — | — | $100.5M |
| KLARKlarna Group Plc | — | — | — | $12.1M |
| MRNAModerna Inc | — | — | $5.9M | — |